Karachi, Pakistan International Airlines Corporation Limited (PIACL) has received approval for a 30-day extension to hold its Annual General Meeting (AGM) for the fiscal year ended December 31, 2023. According to information available from the Pakistan Stock Exchange (PSX), the Securities & Exchange Commission of Pakistan (SECP) issued the approval on May 13, 2024, allowing the meeting to be held by May 29, 2024.

The extension, detailed in SECP's letter No. SMD/PRDD/Comp(5)/2021/53, follows an application submitted by PIACL on April 25, 2024, seeking additional time under sections 132 and 223 of the Companies Act, 2017. The granted extension permits PIACL to convene the AGM and present the annual audited financial statements for shareholder consideration. The SECP's decision, conveyed in the letter, is subject to compliance with regulatory requirements and does not preclude potential actions for any future non-compliance.